cover
Contact Name
Dr. Muh. Salahuddin
Contact Email
muhsalahuddin@uinmataram.ac.id
Phone
+6287765688800
Journal Mail Official
jed@uinmataram.ac.id
Editorial Address
Jl. Pendidikan No. 35 Mataram Gedung Fakultas Ekonomi dan Bisnis Islam UIN Mataram
Location
Kota mataram,
Nusa tenggara barat
INDONESIA
Journal of Enterprise and Development (JED)
ISSN : 27153118     EISSN : 26858258     DOI : https://doi.org/10.20414/jed
Core Subject : Economy,
The Journal of Enterprise and Development (JED) is published by the Faculty of Islamic Economics and Business, Mataram Islamic State University. The scope of JED includes tourism, finance, economics, business and entrepreneurship. JED focuses on theoretical and applied research from all fields in tourism, finance, economics, business and entrepreneurial studies.
Articles 442 Documents
CEO characteristics and corporate debt: An in-depth analysis in the Indonesian context Heriyanto, Heriyanto
Journal of Enterprise and Development (JED) Vol. 6 No. 1 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i1.8940

Abstract

Purpose — This study aims to investigate differences in debt policies among companies listed on the Indonesia Stock Exchange, with a focus on gender and CEO tenure.Method — This research was carried out on non-financial companies listed on the Indonesia Stock Exchange from 2013 to 2022. The sampling method employed in this study was a purposive sampling approach. The initial sample comprised 86 companies, and the final sample consisted of 65 companies, yielding a total of 650 observations. The data analysis technique utilized in this study is the independent difference test, employing a nonparametric approach through the Mann-Whitney test.Result — This study revealed significant disparities in debt policies among companies listed on the Indonesia Stock Exchange, depending on the gender of the CEO. Specifically, male CEOs demonstrated a propensity to employ higher levels of debt compared to their female counterparts. Conversely, with regard to CEO tenure within the company, no significant difference was observed in relation to the company's debt policy.Novelty  — The novelty of this research lies in its emphasis on the importance of examining the gender and tenure of CEOs concerning the company's debt levels. The extended research period contributes a unique element by providing a more comprehensive perspective, and this is particularly noteworthy in the context of Indonesian studies, which have been relatively scarce and have yielded mixed results.
Impact of Russian Stock Exchange on world oil prices with US dollar as the mediating variable Apriani, Erna; Permana, Indra; Latif, Abdul
Journal of Enterprise and Development (JED) Vol. 6 No. 1 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i1.9298

Abstract

Purpose — The purpose of this study is to analyze the impact of Russian Stock Exchange (IMOEX) on world oil prices (WTI), with the US Dollar variable serving as a mediating factor in the exchange rate between the US Dollar and the Russian currency (Ruble).Method — The research employs an associative causality research approach for data analysis. Path analysis techniques are utilized to examine the nexus between Russian Stock Exchange (IMOEX) and world oil prices with the US dollar serves as intervening variables. The study relies on secondary data collected on a weekly basis over a two-year period, specifically from 2021 to 2022. A total of 96 sample data points were gathered from various sources, including the internet, papers, books, and other references that support the research.Result — The findings indicate a significant positive impact of the Russian Stock Exchange (IMOEX) on the US Dollar/Rubles exchange rate. However, the US Dollar variable does not have a direct effect on world oil prices. Additionally, the Russian Stock Exchange (IMOEX), when mediated by the US Dollar, does not show any significant impact on the world oil price of WTI.Novelty  — To the best of our knowledge, no studies were identified that employed the US Dollar as a mediating variable in the Ruble/USD exchange rate. This study introduces a novel aspect by incorporating this mediating variable into the analysis.
Self-efficacy, career development, and work engagement on employee performance: Evidence from aviation sector organizations Wiyanto, Joko; Ratnaningsih, Dewi Juliah; Suratini, Suratini
Journal of Enterprise and Development (JED) Vol. 6 No. 1 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i1.9395

Abstract

Purpose — This research aims to test and analyze the influence of self-efficacy and career development on employee performance, while also examining the mediating role of work engagement.Method — This research employs an associative quantitative research approach. The research sample comprised 147 employees from the UPBU Class I offices in Mopah Merauke, Wamena, and Domine Eduard Osok Sorong. Probability sampling was used as the sampling technique. The analysis method utilized in this study is SEM-PLS, conducted using SmartPLS3 software.Result — We found that self-efficacy and career development have a positive and significant impact on work engagement. Furthermore, self-efficacy, career development, and work involvement positively and significantly affect employee performance. Our research also revealed that work involvement plays a mediating role in the influence of self-efficacy and career development on employee performance.Novelty  — This study innovatively utilizes work engagement as a mediating variable to delve into the determinants of work performance specifically within the context of local public organizations, shedding light on previously unexplored aspects of employee productivity in this setting.
What factors affecting poverty rates in Indonesia? Empirical evidence from West Sumatera Saputro, Rendra Hardinata; Arif, Muhammad
Journal of Enterprise and Development (JED) Vol. 6 No. 1 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i1.9430

Abstract

Purpose — This study aims to estimate the impact of four key variables - the average length of schooling, the disaster risk index, the labor force participation rate, and the construction cost index - on the percentage of the population living in poverty.Method — This research is a quantitative study that utilizes secondary data sourced from the Central Statistics Agency (BPS) of West Sumatera and Inariks BNPB. It primarily focuses on the variable of poverty. The analytical approach adopted in this study is panel data analysis, which integrates both cross-sectional and time series data. The cross-sectional aspect of the research encompasses 19 regencies/cities within the West Sumatera Province, and the time series data extends from 2017 to 2022. All data processing and analysis are conducted using Eviews 10 software.Result — The research findings suggest that the Fixed Effects Model (FEM) is the most effective approach for analyzing regression models. The estimated results reveal that both the average length of schooling and the labor force participation rate negatively impact the percentage of the impoverished population. In contrast, the disaster risk index and the construction cost index appear to have no influence on the impoverished population percentage.Novelty  — This research introduces a novel dimension to the study of poverty, focusing on disaster risk and construction factors that have not been previously explored in earlier studies.
Determinants of the number of impoverished people in Central Java, Indonesia Nugroho, Ananda Rafif Irsyad; Arif, Muhammad
Journal of Enterprise and Development (JED) Vol. 6 No. 1 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i1.9431

Abstract

Purpose — This research aims to estimate the impact of the education index, health index, poverty alleviation budget, and purchasing power on the number of impoverished people.Method — This study employs panel data regression, utilizing samples from 35 regencies/cities in Central Java Province with annual data spanning from 2016 to 2022. The data is processed using Eviews 10 software.Result — By using the Fixed Effects Model (FEM) approach, we found that the education index and health index have a positive impact on reducing the number of impoverished people, while the poverty alleviation budget and purchasing power have a negative impact on the number of impoverished people.Novelty  — This research adds value by focusing on purchasing power and poverty alleviation budgets, which have been less explored in previous studies. By delving into these aspects, the research provides a deeper understanding of the poverty dynamics in Central Java Province, offering new insights and more targeted solutions to effectively address poverty-related issues.
Impact of Islamic work ethics on civil servants’ performance: Mediating effect of work engagement Sahabuddin, Zaenal Arifin; Yunus, Abdul Talib; Ating, Rashid; Ashoer, Muhammad
Journal of Enterprise and Development (JED) Vol. 6 No. 1 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i1.9447

Abstract

Purpose — This research focused on examining the influence of Islamic work ethics on work engagement and performance among civil servants in Indonesia. Moreover, the study explored the mediating effect of work engagement.Method — For this study, Muslim civil servants working in Makassar, Indonesia were selected as participants. To enhance the precision of the results, specific criteria for the respondents were established, including: (1) Civil servants holding a permanent position (including honorary roles); and (2) civil servants with a minimum of three years of work experience. A total of 150 responses were obtained. The survey was conducted using Google Forms, and the data was analyzed using Structural Equation Modeling (SEM) or Partial Least Square (PLS) PLS-SEM Version 3.0.Result — Islamic work ethics positively and significantly influence the work engagement and performance of civil servants in South Sulawesi. Concurrently, work engagement positively and significantly impacts the performance of these civil servants. Additionally, work engagement serves as a significant mediator in the relationship between Islamic work ethics and performance.Novelty  — This research utilized Islamic work ethics derived from Islamic perspective literature to examine their influence on work engagement and performance among civil servants in Indonesia. Furthermore, the study investigated the mediating role of work engagement to determine its significance in the context of public service.
Interconnected economies: Assessing the impact of major global stock exchanges and macroeconomic factors on the Indonesian stock market Latif, Abdul; Hidayah, Zulfa Zakiatul; Afandi, Dian Rachmawati
Journal of Enterprise and Development (JED) Vol. 6 No. 1 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i1.9463

Abstract

Purpose — The purpose of this study is to examine the influence of global stock exchanges indices—the Dow Jones Industrial Average (DJIA) index, the Shanghai Stock Exchange (SSE) index, and the Nikkei 225 (N225) index—and macroeconomic variables (exchange rate and inflation) on the movement of the Jakarta Composite Index (JCI).Method — The data analysis method used in this study is quantitative causality with the GARCH model technique. The samples include the JCI, global stock exchanges (DJIA, SSE, N225) indices, and macroeconomic variables (exchange rate, inflation) based on monthly secondary data from 2017 to 2022, encompassing 72 months of observation.Result — The results showed that the global stock market variables of the DJIA and the SSE indices had a significant positive effect, while the N225 index had a significant effect on the JCI. Regarding macroeconomic variables, the exchange rate had a significant negative effect, whereas inflation did not affect the JCI.Novelty  — The novelty of this research, compared to previous studies, lies in the more recent research period, which spans from 2017 to 2022, and the inclusion of inflation variables, which have not been explored in prior studies.
Waqf for welfare: A bibliometric analysis of research trends in Scopus-indexed journals Afrianty, Nonie; Asnaini, Asnaini; Bahril, Muthi Adilah
Journal of Enterprise and Development (JED) Vol. 6 No. 1 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i1.9480

Abstract

Purpose — This study aims to analyze the map and direction of research development in the field of waqf for welfare improvement in Scopus-indexed publications.Method — This research employs a quantitative approach. The population for this study consists of articles indexed by Scopus from 2014 to 2023, with a sample size of 77 articles focused on waqf for welfare improvements. The analysis technique applied in this study involves bibliometric analysis, utilizing the VOSviewer application.Result — The results indicate a rise in the average number of publications per year. The peak productivity in waqf for welfare themes occurred in 2019, with 15 studies identified. In the realm of research on waqf, cash waqf, and Malaysia emerge as the most prevalent themes for welfare improvement. Three clusters were identified: cash waqf for maximizing prosperity in society and economics, the opportunities and threats of cash waqf, and the beneficiaries of waqf, impacting not only individuals but also the state.Novelty  — This study represents the first bibliometric review focusing on the specific theme of waqf for welfare development, aiming to fill gaps in existing research.
Examining determinants of women’s labor participation rate in developing Asian countries Rahmawan, Febriano Aulia Nur; Aisyah, Siti
Journal of Enterprise and Development (JED) Vol. 6 No. 1 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i1.9542

Abstract

Purpose — The study aims to analyze the impact of women's involvement in parliament, women's education, fertility rates, female unemployment, and female entrepreneurship on the female labor participation rate in developing countries in Asia.Method — This research is quantitative study utilizing secondary data obtained from the World Bank Indicators. The data collection involves documentation and literature review. The methodology employed is panel data analysis with a Fixed Effects Model (FEM) for six developing countries in the Southeast Asia and East Asia region for the period of 2011 to 2021. The data are processed using the Eviews 10 application.Result — Our findings indicate that women's involvement in parliament has a positive and significant impact on the female labor participation rate. Conversely, the female unemployment rate has a negative and significant effect on the female labor participation rate. Meanwhile, women's education, fertility rate, and female entrepreneurship show no significant impact on the female labor participation rate.Novelty  — While a number of studies have explored the factors influencing the female labor participation rate, research on labor force participation rates in Southeast and East Asia has yielded inconsistent results. Hence, there is a need for further investigation to fill this knowledge gap, providing a deeper understanding of the factors influencing the female labor participation rate in the context of developing nations.
Can the behavioral agency model refine a standard agency theory? Masyhuri, Muhammad
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i2.9695

Abstract

Purpose — The existence of agency problems is widely recognized in various academic fields. Nevertheless, as argued by many scholars, agency theory has obvious shortcomings both theoretically and empirically. The aim of this study is to analyze and compare the conventional Standard Agency Theory (SAT) and the Behavioral Agency Model (BAM) as a refined framework of an agency model.Method — The methods used for this study were descriptive analysis, involving the review and comparison of the work of Wiseman & Gomez-Mejia (1998) and Pepper & Gore (2015). The technique employed and proposed for this method is to analyze and compare the relevant elements between SAT and BAM.Result — It is found that BAM can provide a better framework for modifying and understanding such agency problems in organizations, particularly in terms of human factors, organization, and information assumptions that are considered to balance the roles of the principal and the agent as actors in the organization.Contribution  — This study contributes to the body of knowledge by refining the old and conventional standard agency theory (SAT) and introducing BAM as a new concept. BAM sheds light not only on the roles of actors and organizations but also on the application of a behavioral economics approach to provide a robust and rigorous method for analyzing "agency problems" in organizations, especially in private business families around the world.